all right folks welcome back to all this showing off stuff all right so today we went through the process of watching and analyzing the opening price on es and i mentioned on twitter that i was interested in this old high back here that's largely linked to the fact that we had a gap when the session started again last night my local time about six o'clock and we got down and then it just drifted lower had a small little rally in here smt divergence i'll show you that in a moment but in here we have the
market creating relative equal highs it broke down i gave you the fairway gap live this morning on the live stream walk you through the whole business of running out the cell side and the opening gap on sunday which is over here so i don't have that on my chart so let me just drop that on real quick if you don't mind me working as i go i don't want to be doing any more edits than i need to and i don't think you might be doing it in front of you so we can see what
i'm showing you all right so the market trades down below the sell side here and into the sunday gap opening we traded through it all the way down to another favorite gap hits that there comes back up runs back up into the opening range drops once more into an older block rallies take the short term high retraces back down into another order block let me stretch this out as you can see a little bit better that's not as cluttered as it now all right and we worked off this order block this order block which you'll
see when you get in the five minute chart it's a little bit cleaner here and here and rallying up into the level i was mentioning on twitter this morning so i'm gonna drop into a five minute chart [Music] okay and there's a favorite egg up i gave you live beautiful delivery look at the low on this candle right here right up here look at this value right here 39 26 and three quarters this candle trades right back up to what value the high now on this candle 39 26 and three quarters folks that is absolutely
perfect that's perfect price delivery okay i know i'm kind of known for the forex market showing things like that to the pit that type of stuff it originated really with index futures bonds and index features so in the 90s i was utilizing these same tools i know it seems like it just came out of nowhere recently because i've talked about it but these things have been under my control my my ownership if you will for about three decades so it's nice to be able to share them obviously with all of you and it's very well
i guess the word is fulfilling to show it to you to walk you through it live so you can see what it is what it looks like and yes i have a lot of people asking me why don't i give trade signals can i run a trade signal room please i will pay you can you do this and can you do that no i'm not going to do that okay i don't want to be in another paid service type thing okay i'm sick of it i don't want to deal with that no more i can
make all the money i ever need trading and to be honest with you i don't really need to do anything anymore anyway i'm padded out so just enjoy the fact that i'm wanting to teach i love teaching i love sharing with you and i know it is helping a lot of you so just let that be the economy between us okay i like doing it you like receiving it it doesn't cost you anything so there you go so when we hit the sphere value gap it broke lower and then once more return back up into
it well not into the fair value but up into that range here and then broke and i gave you a small little imbalance and we'll look at in a moment we traded down into the sunday gap i mentioned the lower end would be this time the level to watch and so if we went down below it come back up it'll act as what resistance it does so here we'll look at lower time frame drops lower once more hits the old fairway gap i showed you before we dropped into the five minute little bit of consolidation
ahead of lunch typical retracement during the lunch hour all the way back up to the opening range broke lower small little swing low broken back to rebound and also look what it's doing here folks it's going back up into that old gap opening on sunday trades up into it access what resistance trades lower down into an order block big down handle right there that's the one over here hits it starts to accumulate rallies up back above what level here i'm gonna make sunday's levels really really obvious it's going to be obnoxious actually so i want
you to see what was going on in my mind as i'm watching price okay price goes above the opening gap or gap opening rather from sunday then trades back down into it see that hits it rallies falls short of what the relative equal highs over here retraces where does it trade down into that gap opening again now we're at the discount low it rallies comes back down in fury value gap trades into that this is a 15 minute order block rallies and what's it go to the 39 52 and three quarters level hammers it beautiful
beautiful beautiful beautiful in the afternoon it became a lot better in the morning it was sloppy so when i say things are sloppy it just means that it's not really giving you a whole lot to work with i mean you have very few options and you have to know exactly what you're looking for i.e what i was giving you this morning and this area here watch how it should stay open and it stayed open basically the whole thing this is sloppy even though it's a nice delivery it's not giving you all of the mechanics of
entry like this one here this one here this one here and then run to the objective i was drawing your attention to today so the morning while yet it was still potentially profitable and i was able to call it for you live that really wasn't my choice session because it was just i didn't have a real clear view on what i wanted to see this morning one of the followers on my twitter feed uh a lady asked you know why was i talking about 39.53 level i rounded it up one quarter point above this level
and the high comes in at 39.54 and a half so off by one and a half points so our handles so i was more interested in the run to that level versus just going down to the sunday gap opening or the old london open lows their trades there obviously and you can see i can see them coming it's not a matter of you know missing them because i don't know that they're there or forming my interest really lies with what is the setups that i'm liking the most like what is it i'm looking for specifically
and the level i gave you that 3953 level i want to see a run up into that so we had to come down below and then back above sunday's gap opening and then it treats it as a dynamic support resistance level did you just hear ict that's blasphemy he just talked retail that's a cuss word around here well i'm talking about in a way where you'll understand it so the opening gap on sunday if you put it in your charts and just plot it across the entire week you'll see that many times there's a lot
of valuation around that gap so it'll be treated as a dynamic price level if it's above it look for it to act as support if it's below it look for it to act as resistance and if you can find a swing high for instance we have these here we trade down okay if it's going to trade down into the sunday gap opening look for it to run about here there you go you don't need to have this level that i pointed out this is enough relative equal highs and relative equal highs over here so i've
taught you how to find those bicep liquidity pools but i taught you today with this lesson using that sunday gap opening and just extending it through the entire week sometimes the week will just run away from it and won't really come back to it but in weeks where there's consolidation like fomc we have that uh to deal with for this calendar week and those types of events create these choppy range bound range bound markets that don't give you the real clean take off one-way directional move you have to know how to trade in these environments
okay so obviously my tools do very well in this in this environment too but let's go down into four minute chart [Music] actually it's going to three and now let's go down to two minutes there it is i forgot what time frame i was looking at good grief all right so we dropped down to a lower timeframe here's the two minute you can see we have a fair value gap here i mentioned how i didn't want to see it come back up into that once we moved away go back and watch the live stream recording
it's on youtube unedited it's exactly as it was done at the time you can see i was fumbling around had no idea what i'm doing um before i get in any further in this lesson and lecture understand this i am not buttering you all up to do these a lot i don't want to do them a lot they take a lot of my time they distract me from my own trading and my own personal life so i understand that doesn't you make you feel good because you had a good time today and maybe you learned
something yesterday too but the other live session but i showed you what it looks like i showed you how you go into the marketplace and you read it and i'm gonna leave it up to you the viewers decide whether or not if these things work okay you don't need me holding your hand the worst thing that i could do is sit down with you just a few times a week or even once a week that would create such a co-dependency on me that it would not help you and to be quite honest with you i
knew as soon as i did this i would get complaints and emails and things you know we need you to help us take live trades we want you to do that you're being selfish you're being ignorant you are you know self-centered because you won't tell us when to get in when to get down folks i didn't do this for that type of feedback okay i only promised i would show you that i could show you the things before it happens that way you can see what it looks like and there's nothing that's required you know
to trick anybody i mean either it's going to work or it's not going to work but you have to be in front of the charts doing these types of things and failing is part of that that's how you learn these are opportunities to grow from that so anyway um i think that is it i want to go back up to the 15 minute time frame and talk a little bit about this area up here that gap i think that is where we're going to be drawing up into because this is in my opinion not going
to be left open okay so they're going to want to trade back up into that there's missing data here okay there's an actual gap so it'll want to draw up into that and what to what price level i'd like to the low on that candle okay so if it was going to be a perfect delivery it would go right to that candle's low but i'm not expecting perfect i'm not suggesting that at all but if we go above this area that means we're probably going to go into a deeper run on the daily and [Music]
let's take everything off here so we're likely to run this high here and we have another block there so the low at four thousand so that's something to consider and watch going forward for the rest of the week i may be wrong you know it's just something for you to go into your charts and start studying and looking for um i think i have one bit of business oh let's go back into let's go into a five-minute chart [Music] all right um i was watching hannah on her youtube channel and i don't know exactly of
him what market was i want to say it was australian dollar maybe it was canadian dollar but something it was a 4x pair i don't need to have that on the chart to explain what i sell are doing and some of my students when they first come in to the fold they do this type of thing too they will look at a range like this like here to here and they'll measure that range low to high to find the 50 level and then use that over here for a discount that's not how we do it
okay if we are looking for a short in anna's example she was looking for a short you want to look at the price leg that drops and this is going to be the reverse of that okay so this might be a little confusing but just reverse the logic and you'll understand i'm sure hannah will follow along so from the low here up to this high here if we're looking for a long to get above these relative equal highs and or use that 3953 level i was calling for or making reference to this morning this low
up to this high this is what you'd be doing okay so if you're looking for it to go higher you're going to need to draw your fib from a low up to a high that dealing range from that low that a high we're waiting for in anticipated retracement so the retracements going down to and below 50 now this becomes what a discount so you can be hunting along at this level or less if we're into a fair value gap that's good okay uh the same thing is done here if we're looking because it has not
taken this out here yet just fell short of it so if we take the fib and just anchor it to that high and run it to here you can see here's 50 of this dealing range low this dealing range high and it drops down to a discount okay you're looking at expansion swings okay or impulsive price swings in the direction you're trying to trade you don't want to use a price leg from high to low measuring something that you're trying to go long one but you don't want that you want to be using the impulsive
price swings that go in the direction you're trading then it retraces down in below 50 or add it into a fair value gap then you can probe that as a long and rallies up so i just want to kind of clarify that i wasn't sure if she was aware of what she was doing but if she wasn't aware that now she knows so that way all of you have had the benefit of learning through her interactive study which i'm absolutely loving i'm loving it um i wish more of you would do it and as long
as i had time to to sit down usually it's on the weekends that i get a chance to catch up to stuff like that but i'm loving the thailand vibe i'm loving the you know the booboo kits and not so much the food poisoning sorry for that but hopefully this has been insightful to you hannah hopefully everyone else has got something from this as well and i'm sure i'll be back again lord willing on thursday until then be safe
